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OMB Control No: 1840-0674	ICR Reference No: 199401-1840-011
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: ED/OPE	Agency Tracking No:
Title: CONSOLIDATION LOAN REBATE FEE REPORT
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/25/1994
	Date Received in OIRA: 01/25/1994
Terms of Clearance: Approved as amended by ED's 4/21/94 memorandum to OMB. One-year approval is granted, to allow ED time to ensure that the Student Loan Marketing Association is fully consulted on this form (as SLMA is the largest consolidator of student loans). In addition, ED shall develop procedures to ensure that lenders who pay by EFT do not have to submit a paper copy of the form; rather, ED shall develop mechanisms for electronic reporting, consistent with electronic payments made under EFT. ED shall make every effort to eliminate the requirement for the paper copy of the form and resubmit the form for PRA clearance as soon as possible. If this cannot be achieved within six months, ED shall provide OMB with a justification of the need for more time.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/1995	04/30/1995
Responses	400	0	0
Time Burden (Hours)	5,200	0	0
Cost Burden (Dollars)	0	0	0

Abstract: STUDENT LOANS, STUDENT FINANCIAL AID, FEDERAL AID PROGRAMS, REBATE FE THE CONSOLIDATION LOAN REBATE FEE REPORT FOR PAYMENT BY CHECK OR ELECTRONIC FUNDS TRANSFER (EFT) WILL BE USED BY APPROXIMATELY 400 LENDERS PARTICIPATING IN THE TITLE IV, PART B, LOAN PROGRAMS. THE INFORMATION COLLECTED IS USED TO TRANSMIT INTEREST PAYMENT REBATE FEES TO THE SECRETARY OF ED.

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
CONSOLIDATION LOAN REBATE FEE REPORT	ED 4-619

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion
Annual Number of Responses	400	400
Annual Time Burden (Hours)	5,200	5,200
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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